Sylvest Advisors LLC Acquires New Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Sylvest Advisors LLC purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,095 shares of the bank's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIN. R Squared Ltd purchased a new stake in shares of First Financial Bankshares in the 4th quarter worth about $88,000. Pacer Advisors Inc. increased its holdings in shares of First Financial Bankshares by 2.3% during the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock valued at $691,000 after acquiring an additional 432 shares in the last quarter. KBC Group NV boosted its stake in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock worth $195,000 after purchasing an additional 1,819 shares in the last quarter. Blue Trust Inc. grew its position in First Financial Bankshares by 1.8% during the 4th quarter. Blue Trust Inc. now owns 36,788 shares of the bank's stock valued at $1,362,000 after purchasing an additional 665 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock valued at $457,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 69.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stephens upped their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Finally, Hovde Group increased their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research report on Monday, October 21st.

First Financial Bankshares Price Performance

First Financial Bankshares stock traded down $0.21 during midday trading on Wednesday, reaching $37.98. The company had a trading volume of 113,163 shares, compared to its average volume of 503,638. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The company has a market capitalization of $5.43 billion, a P/E ratio of 24.36 and a beta of 0.83. The firm's fifty day simple moving average is $37.94 and its 200-day simple moving average is $37.57.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, analysts expect that First Financial Bankshares, Inc. will post 1.72 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares's payout ratio is currently 46.15%.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares in the company, valued at approximately $4,156,615.20. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO F Scott Dueser sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares of the company's stock, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.